Strong Influence of Brand Differentiation on Life Science Market Competition
04 Mai 2006 - 10:35PM
PR Newswire (US)
ARLINGTON, Va., May 4 /PRNewswire/ -- A newly released study
evaluates brand differences among 17 leading brands in the life
science supply market and customer perceptions about competitors.
According to consumers, Affymetrix (NASDAQ:AFFX) was considered the
most differentiated brand. Life scientists cited its performance in
innovation as an important strategic advantage. New England Biolabs
was perceived to have the best products according to respondents,
who also considered the company to have a very sincere "brand
personality." Nonetheless, Invitrogen (NASDAQ:IVGN) maintained the
strongest bond with its customers and garnered the highest marks in
customer service and technical support. For each company, the
report reveals blocks of consumers that are vulnerable to
acquisition by competitors emphasizing the most sought after brand
attributes. Brands that appeal to these needs can maximize market
share by earning the allegiances of customer segments from close
competitors through brand differentiation. "Scientists are more
likely to recommend highly differentiated brands to colleagues than
undifferentiated brands," stated Dr. Tamara Zemlo, Director of
Syndicated Research and Analysis at BioInformatics. "Of all the
different measures of loyalty, a product recommendation is the most
indicative of the intense emotional attachment a customer may have
with a brand. It means that he or she has tremendous confidence in
the value created and delivered by that particular brand." A
complimentary Executive Summary and a 5-minute Tutorial for this
report are available for download at
http://www.gene2drug.com/report/132/ BioInformatics, LLC -- a
market research and consulting firm supporting the life science
industry since 1994 -- presented the results of this survey of over
1000 life scientists worldwide. The new report "Maximizing Market
Share Through Brand Differentiation" includes essential information
that empowers life science suppliers to compete adeptly against
competitors' brands, to emulate successful characteristics of the
strongest brands, and to approach bolstering corporate brand in a
structured way. Companies will not only know what their customers
think, they will also discover what their competitors' customers
think. Study insights enable companies to strengthen both their
offensive strategy and defensive strategy with advantages critical
to growing and maintaining market share in 2006 and beyond. ABOUT
THE REPORT Brands analyzed and compared include the following
companies: Affymetrix (NASDAQ:AFFX), Applied Biosystems (NYSE:ABI),
BD Biosciences (NYSE:BDX), Bio-Rad (AMEX:BIO), Eppendorf,
Fermentas, Fisher Scientific (NYSE:FSH), GE Healthcare (NYSE:GE),
Invitrogen (NASDAQ:IVGN), New England Biolabs, Promega, Qiagen
(NASDAQ:QGEN), Roche Applied Science, Sigma-Aldrich (NASDAQ:SIAL),
Stratagene (NASDAQ:STGN), Takara, and Thermo Electron (NYSE:TMO).
Results feature six sets of analyses that provide unique insights
about brand differentiation and influences on customers that can
maximize market share. Brand Differentiation Analysis positions
each supplier in head-to-head competition with the field. Brand
Personality Scorecard reveals what perceived benefits customers
attribute to certain life science suppliers. Brand Share Index
dissects the customer base of each leading brand to identify
factors that strengthen and weaken bonds with specific customer
segments. Customer Value Score evaluates the profitability and
value of customer purchases. Brand Equity Pyramid derives brand
equity through an analysis of five critical brand elements.
Satisfaction Quadrant Analysis identifies the role of nine key
factors in driving overall brand satisfaction. ABOUT
BIOINFORMATICS, LLC BioInformatics, LLC is a market research firm
located in Arlington, Virginia. BioInformatics supports marketing,
sales and R&D executives in the life science, medical device
and pharmaceutical industries through published research reports,
custom research and consulting. BioInformatics sponsors the world's
largest market research panel of scientific customers -- The
Science Advisory Board (http://www.scienceboard.net/) -- which
consists of more than 29,000 scientists, physicians and other life
science and medical professionals from 62 countries who participate
in surveys that address emerging technologies, test customer
reactions to new product concepts, measure brand awareness and
assess advertising effectiveness. For more information, please
contact: Jonathan Olsen BioInformatics, LLC 2111 Wilson Blvd.,
Suite 250 Arlington, VA 22201 703.778.3080 x12 (phone) 703.778.3081
(fax) http://www.gene2drug.com/ DATASOURCE: BioInformatics, LLC
CONTACT: Jonathan Olsen of BioInformatics, LLC, +1-703-778-3080
x12, fax: +1-703-778-3081, Web site: http://www.gene2drug.com/
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